The purpose of this chapter is to regulate the formation and operation of risk retention groups and purchasing groups in this Commonwealth formed pursuant to the provisions of the federal Liability Risk Retention Act of 1986 to the extent permitted by such law.
Va. Code Ann. § 38.2-5100
Purpose
Applied in 1 court decision — leading case National Home Insurance v. State Corp. Commission (1993)
Most recently applied in National Home Insurance v. State Corp. Commission (December 1993)
1987, c. 585; 1992, c. 588.
Official source: Virginia Law Portal (LIS). Reproduced from public-domain Virginia statutes; confirm against the official source for the current text. Not legal advice.